Walker & Dunlop Hires Senior Vice President of FHA Finance Healthcare Division
BETHESDA, Md., July 10, 2012 /PRNewswire/ -- Walker & Dunlop, Inc. (WD) (the "Company") announced today that Michael B. Vaughn has joined the Company as senior vice president & head of the Company's FHA Finance Healthcare department. Mr. Vaughn will manage origination, underwriting, and quality control of all Healthcare loans.
"We are excited to welcome Michael to our FHA Finance team, which has grown significantly over the past year. Michael is a seasoned and highly-respected professional in the healthcare finance sector and bringing him on board is a significant opportunity due to the knowledge and experience he developed as Director of the LEAN healthcare division at HUD," said Michelle Warner, senior vice president/group head, FHA Finance at Walker & Dunlop. "Michael's many years of experience at HUD, his industry relationships and wealth of knowledge regarding agency loans will prove to be an incredible asset to our clients and our company."
Prior to joining Walker & Dunlop, Mr. Vaughn held several positions at the U.S. Department of Housing and Urban Development (HUD). Most recently he was Director of the Office of Residential Care Facilities, part of the Office of Healthcare Programs. While there, Mr. Vaughn was directly responsible for origination and asset management activities related to the $17.5 billion portfolio of Section 232 Insured Mortgages on Skilled Nursing and Assisted Living Facilities. Under his leadership, the LEAN (Section 232) program reached a level of production of over 800 loans a year, $6 billion in commitments and issued approvals on the largest nursing home portfolio ever processed by HUD. Earlier at HUD, Mr. Vaughn was personally responsible for a large number of Mark-to-Market, Mixed-Finance public housing and tax credit transactions.
"Because of the LEAN improvements to HUD's healthcare programs, they are now attractive to higher quality and more sophisticated borrowers," observed Ms. Warner. "Michael will be able to draw on his knowledge of HUD program financing, his industry expertise and his experience structuring transactions to achieve the best results for our clients."
Previously, in the private sector, Mr. Vaughn was a senior vice president of the Bank of New York's Fannie Mae/Freddie Mac Multifamily lender, ARCS Mortgage. He received his bachelor's degree from Georgetown University and his MBA from Yale University's School of Public and Private Management.
Mr. Vaughn is based out of the Company's Bethesda office and can be reached at (301) 202-3221 or email@example.com.
About Walker & Dunlop
Through its subsidiary Walker & Dunlop, LLC, Walker & Dunlop, Inc. is one of the leading commercial real estate finance companies in the United States, with a primary focus on multifamily lending. As a Fannie Mae DUS", Freddie Mac Program Plus® and MAP- and LEAN-approved FHA lender, the Multifamily and FHA Finance groups are focused on lending to property owners, investors, and developers of multifamily properties across the country. Walker & Dunlop's proprietary Interim Loan Program provides financing for multifamily properties that do not currently qualify for permanent financing. The Capital Markets group specializes in financing commercial real estate for owners and investors across the United States, securing capital from large institutions such as life insurance companies, commercial banks, CMBS lenders, pension funds, and specialty finance companies. The Principal Investments group provides institutional advisory, asset management, and investment management services with respect to debt, structured debt and equity.
SOURCE Walker & Dunlop, Inc.